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? ?(Yield to? maturity) ? The market price is $ 700 for a 10 year bond ($1,000 par value) that pays 9 percent annual interest,

??(Yield to? maturity)?The market price is $ 700 for a 10 year bond ($1,000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual basis

?(4.5 percent semiannually). What is the? bond's yield to? maturity?

The? bond's yield to maturity is___% (Round to two decimal places.)

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